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MIDDLEFIELD, Conn., Aug. 29, 2012 (GLOBE NEWSWIRE) -- Zygo Corporation (Nasdaq:ZIGO) today announced that it has increased its presence in Taiwan by forming a separate subsidiary to provide local sales and service support to its Asian customers. Zygo will make a significant investment in a facility and additional highly qualified resources to support its customers in the backend semiconductor 3D/2D inspection market for PC substrate and IC packages. The new Taiwan subsidiary will also play an important role in supporting sales and service for other Zygo products in Taiwan, China and throughout the Asia region.
Rognvald Garden, Director of Zygo Vision Systems, in commenting about the new subsidiary, said, "The formation of a manufacturing, sales and service center in Taiwan enables us to be closer to our customers for more rapid response with prompt and efficient local applications and service support. The ability to design, manufacture, integrate and assemble in Taiwan has been a strong catalyst for stimulating technology development partnerships with several of our key customers and will form the base for continued growth in those relationships and our entire Asia-based business."
Donald Battistoni, Executive Director of Global Sales and Marketing for Zygo, commented, "The Taiwan-based team welcomes the investment and the expansion of Zygo's footprint to continue developing and expanding our pan-Asia business. We look forward to the opportunities this commitment creates for Zygo and our customers."
Zygo Corporation is a worldwide supplier of optical metrology instruments, precision optics and electro-optical design and manufacturing services serving customers in the semiconductor capital equipment, bio-medical, scientific and industrial markets.
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All statements other than statements of historical fact included in this news release regarding financial performance, condition and operations and the business strategy, plans, anticipated revenues, bookings, market acceptance, growth rates, market opportunities and objectives of management of the Company for future operations are forward-looking statements. Forward-looking statements provide management's current expectations or plans for the future operating and financial performance of the Company based upon information currently available and assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "plan(s)," "strategy," "project," "should" and other words of similar meaning in connection with a discussion of future operating or financial performance. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are fluctuations in capital spending of our customers; fluctuations in revenues to our major customers; manufacturing and supplier risks; risks of booking cancellations, push-outs and de-bookings; dependence on timing and market acceptance of new product development; rapid technological and market change; risks in international operations; risks related to the reorganization of our business; dependence on proprietary technology and key personnel; length of the revenue cycle; environmental regulations; investment portfolio returns; fluctuations in our stock price; the risk that anticipated growth opportunities may be smaller than anticipated or may not be realized; and risks related to business acquisitions. Zygo Corporation undertakes no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date of this news release except as required by law. Further information on potential factors that could affect Zygo Corporation's business is described in our reports on file with the Securities and Exchange Commission, including our Form 10-K for the fiscal year ended June 30, 2011, filed with the Securities and Exchange Commission on September 13, 2011.
CONTACT: For Further Information Call:
John P. Jordan
Vice President, Chief Financial Officer & Treasurer